M3 Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 18,976 shares of the company’s stock, valued at approximately $521,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $847,665,000. Avantax Planning Partners Inc. grew its stake in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after buying an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after buying an additional 3,170,728 shares in the last quarter. MML Investors Services LLC grew its stake in Schwab US Dividend Equity ETF by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock worth $160,554,000 after buying an additional 185,649 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock worth $155,188,000 after buying an additional 33,472 shares in the last quarter.
Schwab US Dividend Equity ETF Price Performance
SCHD stock opened at $32.67 on Wednesday. Schwab US Dividend Equity ETF has a one year low of $25.89 and a one year high of $32.91. The stock has a market cap of $92.74 billion, a PE ratio of 14.57 and a beta of 0.68. The firm has a 50 day simple moving average of $31.20 and a two-hundred day simple moving average of $29.76.
Schwab US Dividend Equity ETF Profile
The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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